Securityholders Approve the Proposed Amendments to the Investment Objective and Incentive Fee Benchmark to Trapeze Value Class
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 03/26/13 -- Redwood Asset Management Inc., a Toronto based investment fund manager that distributes unique, actively managed investment funds, is pleased to announce that the securityholders of Trapeze Value Class have voted to approve the proposed changes to the investment objective and incentive fee benchmark as follows:
Revised Investment Objective:
The objective of the Fund is to outperform the global equities market, predominantly those equities listed in the United States and Canada, as measured by the S&P/TSX Composite Total Return Index and S&P 500 Index, over a time period longer than 5 years, providing long-term capital appreciation and value by investing in small-to-large capitalization stocks of global issuers. To assist in achieving this objective the Fund may focus its assets in specific industry sectors and asset classes based on analysis of business cycles, industry sectors and market outlook.
Revised incentive fee benchmark:
50/50 blend of the S&P/TSX Composite Index and S&P 500 Index
The investment objective and incentive fee benchmark index changes are effective on or about March 18, 2013. The Fund will continue to invest in securities listed in Canada and the United States, but with greater flexibility to invest in securities listed on international exchanges if the portfolio advisor identifies investment opportunities with potential for capital appreciation.
Contacts:
Redwood Asset Management Inc.
Peter Shippen
President
416-304-6800
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Datum: 26.03.2013 - 19:12 Uhr
Sprache: Deutsch
News-ID 1210789
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contact information:
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TORONTO, ONTARIO
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Kategorie:
Investment Services & Trading
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